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  1. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    Good for you. You found a "jumping-in-point". Keep going. Your goal should be to get out of debt and create a pot of "strutting money" to use for your future deals. My rule of thumb is to live on 20% to 25% of my net income. The rest goes into investments and my cash pot. (Did I say that I'm...
  2. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    Good for you. Getting off of OPM train will giive you a whole new point of view and open up another level of investing. You have been doing this for 10 years, and your business model is working for you. You ask about market/business cycles. Over my RE career, I have been through several --...
  3. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    We'll see. I'll look at some buys later today.
  4. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    We'll see. Stocks are having a sell-off this morning.
  5. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    This investment level in the RE game is working for you, and you can make some money. Just remember that you are dancing on a very thin wire. Where is your area in the market/business cycle? Your business model depends heavily on OPM (other people's money), so keep a sharp eye on those market...
  6. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    My stocks went down slightly today, but this Iran strike must have been baked into the current levels...
  7. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    I, too, always have several projects going. We're unusual in the RE business. Most can only handle one at a time.
  8. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    That's a lot of projects at the same time. What is your position in these projects? Are you the owner? Investor? Bird dog? The project supervisor?
  9. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    OUR PROGRESS: Last week ended, and February ended. It sure went fast -- or was I just busy? Our New Project – It warmed up to balmy 29 F, just below freezing, this last week. So, we got 40 sheets of plywood subflooring installed in section #1. That’s 60% of that floor space. I measured several...
  10. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    That's why I have always gotten my kids involved in many ways in my businesses over the years. I've taken them to work with me regularly and talked about the nuts and bolts of what I was doing. I've always been able to find something that our kids can do, making them part of the process. Many...
  11. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    I hope this will be a "quick fix" -- not a regional war. Iran's leader is a figurehead. His sons have done the heavy lifting to hold their power structure together for a long time. So, I wonder where those sons are and what they are doing in all of this. The top dogs have been transferring their...
  12. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    I don't play video games. I play Monopoly with real properties and my real money every day. I've talked to kids who are building "kingdoms" online in games. I ask them why they don't do it for real. They are amazed at the question. They don't know it's physically possible. I tell them about...
  13. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    Andy, I was putting my stuff away to go home for the day when I re-read your posts. Then it hit me that I wanted to add these thoughts: Your experience level changes your point of view and how you categorize everything. I once read a study about basketball that sheds some light on this point...
  14. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    I LOVE that idea. Hold fast to it. I'm getting old, and people around me are dying off. They often say that their biggest regret is that they didn't spend enough time with their kids when they were young. Having a joint project with your son is a perfect way to bond. And you are teaching him SO...
  15. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    I try to listen to "Life's Heart Beat" -- that relentless flow and quiet rhythm. I go with my gut, even when everyone else is going the other way. Things just naturally evolve for me. I joke with the people around me that Lady Luck visits me in magical ways. It sounds like your business is...
  16. WJK

    Weekly Progress: What will you get done this week?

    GOLD! HOT! CHAT 
    You don't sound confused. You sound like you found an opportunity that fell into your lap, and you started to explore it. This is part of the creative process. If you don't stop, listen to the inspiration, and flesh it out a bit -- you'll lose it. You can still pick up your current projects and...
  17. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    I agree. You don't have to bet the whole amount on your next set of trades. You can hold back some of the gain. You'll need to anyway to pay the taxes on your short-term gains.
  18. WJK

    Stock Market Discussion, Chat About the Latest Market Action

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    To answer your question... they liked me on my way up, so they hired me. I did a good job for them. And in time, I became one of their "crowd". I started with nothing, so I worked very hard on my career and my education. I earned 4 college degrees over the years, including my Juris Doctorate...
  19. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    It's an over simplified concept. The RE market has many different parts. Each must be considered as a segment with its own market influences. Yes, it is part of the whole, but each moves with some independence. We have had a lot of market disruptions in their recent history. The office market...
  20. WJK

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    You're right. That's one of the advantages of running in those circles or being born into one. Their conversations around the dinner table are different. I had to learn about money issues as an adult and start running with a different crowd -- to even understand what people in the know were saying.

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